Silver is looking good coming into this week. Here are a few of our favorites, Metalla Royalty and Streaming ($MTA) and Sandstorm Gold ($SAND):
Uranium is a bit suspect.
Here is Energy Fuels ($UUUU):
Bitcoin is looking a bit suspect as well.
Here is Sphere 3D ($ANY):
Summary: Next week should be interesting, we are looking for Silver to remain strong and Uranium and Bitcoin to potentially correct before heading higher.
Silver caught a bit today with the MACD and RSI curling higher. We are looking to expand our position in Metalla Royalty and Streaming $MTA and take some initial positions in some of our favorite royalty plays like $SAND and $MMX.
Uranium continues to chop here – no clear direction up or down at this point. We will continue to write the calls on $UUUU at either $7 or $8 and expand our holdings in $DNN
Bitcoin looks good. We sold some calls in $ANY today and will look to add more common ongoing.
Energy Fuels ($UUUU)
Today we wrote some Feb 7’s and bought some $DNN Feb 1’s we had laying around, along with some $UUUU common and some $ANY common. Uranium is looking a bit better with RSI curling up and the MACD starting to converge a bit:
Sphere 3D ($ANY)
Today we wrote the Feb 4th 2’s – it was a nice 200%+ annualized play – however we’ll probably get busted this week 🤔 cause Bitcoin is looking good:
Metalla Royalty and Streaming ($MTA)
Today we wrote some Feb $7.50’s and bought some $MTA common. Silver is not looking great to be honest. Patience.
Today we sold the following:
- Silver Junior ETF ($SILJ)
- Energy Fuels ($UUUU) Jan $8 Calls
- Nasdaq Short ($SQQQ)
- Uranium Royalty Company ($UROY) Jan $5 Calls
- Sphere 3D Corp ($ANY) Dec 23 $4 Calls
and we bought the following:
- Metalla Royalty and Streaming ($MTA)
- Energy Fuels ($UUUU) Common Stock
- Energy Fuels ($UUUU) Feb $7 Calls
- Uranium Royalty Company ($UROY) Common Stock
- Uranium Royalty Company ($UROY) Feb $5 Calls
- Sphere 3D Corp ($ANY) Common Stock
Uranium continues to creep higher as spot price rose to $33.50 thanks in part to the SPUT (Sprott Physical Uranium Trust) buying more of the physical commodity on the open market.
Today we sold calls / bought Energy Fuels ($UUUU), bought more Denison Mines ($DNN), sold calls / bought Metalla Royalty and Streaming ($MTA), sold calls / bought Innovio Pharmaceuticals ($INO), sold calls / bought Riot Blockchain ($RIOT) and sold calls / bought Canaan ($CAN).
We bought more Energy Fuels ($UUUU), Metalla ($MTA) and Denison Mines ($DNN) but the summer doldrums continue.